subject: Stop The Repossession Of Your Home Now. [print this page] More and more people are beginning to face repossession because in this current recession it is becoming more and more difficult for people to find work and so once you are out of work it is very easy to be unable to meet the payments on your mortgage.
When you are out of work you should contact your mortgage provider and explain the situation to them so that you can work out a new payment plan whether you just reduce the amount you are paying back or only pay back the interest. As long as they are aware of your situation and are meeting the payments set out then you will be able to avoid repossession.
Many people like to bury their heads in the sand, initially you will be contacted by your mortgage company through letters and these will let you know how much you owe your mortgage company along with the action they are going to take. If you are receiving these letters then it is important that you contact your mortgage provider and explain the situation to them, by doing this you may be able to stop repossession taking place by offering to pay back the interest on your mortgage. As long as you are making payments then your mortgage company will be happy, they dont want to have to repossess your home as it as a very expensive venture for them because once your home is repossessed they then need to resell it so that they can make back the money that they are owned on your mortgage.
If you are being threatened with court action there is very little you can do to stop the repossession besides selling your home and paying back the mortgage company in full. Currently the property market is moving very slowly and you could find that your home is still sat on the market when your court date comes round meaning that your home can still be repossessed. When your court date is looming there is only one way to ensure that you dont have your home repossessed and that is with a quick house sale.
There are many different companies who offer quick house sales, these sales can take place within a week and will mean that you are able to pay off your mortgage and find somewhere new. A quick house sale is very cost effective because you dont need to pay for any solicitors fees, survey fees or valuation fees, these are all covered by the property company. The property company will provide you with a quote and this is the full amount that you will receive in cash, so you will know before you even sell your home how much money you will be receiving and how much you will be left with once your mortgage has been paid off. There arent any hidden costs so you can trust that you will be able to pay off your mortgage before the court date comes around.
It is very important that you can avoid repossession as repossession will leave you with no money at all but by selling your home you should be able to have enough money to be able to find somewhere else to move too. It is very important that you find a new home because even if your home is repossessed you will not receive any help with moving but a quick house sale will allow you to sell your home and move out at a time and date which is convenient for you before your court date.
